Intermediate Capital (ICP) chief financial officer Philip Keller is banking gains ahead of his departure from the alternative asset manager later this year, selling shares worth around £1.05m. A successor to Mr Keller – who has held this role since 2006 – is yet to be announced.
The asset manager – which invests across a range of debt, private equity and real estate via closed-ended funds – has benefited from historically low interest rates, which have spurred institutional investors to search for yield away from traditional assets. While traditional asset managers across the City of London have reported hefty net outflows in recent months, Intermediate surpassed its €6bn (£5.31bn) annual fundraising target by around €100m during the first half. That momentum continued into the final three months of 2018, with net inflows of €1.9bn, of which €1bn was raised across its capital markets funds.
| Buys | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Aberdeen Emerging Markets | Helen Green | 05 Feb 2019 | 1,800 | 548.88 | 9,880 | 1,800 | 0.004 |
| Aberdeen Emerging Markets | Mark Hadsley-Chaplin (ch) | 04 Feb 2019 | 5,000 | 550 | 27,500 | 30,000 | 0.065 |
| Aberdeen Emerging Markets | William Collins | 01 Feb 2019 | 3,000 | 550 | 16,500 | 15,000 | 0.033 |
| AEW UK REIT | James Hyslop | 06 Feb 2019 | 50,000 | 91.25 | 45,625 | 200,000 | 0.132 |
| AEW UK REIT | James Hyslop | 06 Feb 2019 | 50,000 | 91.25 | 45,625 | 250,000 | 0.165 |
| Alcentra European Floating Rate Income | Trudi Clark | 31 Jan 2019 | 7,500 | 96.392 | 7,229 | 7,500 | 0.005 |
| B&M | Tiffany Hall | 04 Feb 2019 | 3,050 | 327.45 | 9,987 | 3,050 | 0.000 |
| B.P. Marsh & Partners | Brian Marsh (ch) | 01 Feb 2019 | 19,608 | 280 | 54,902 | 16,584,679 | 44.285 |
| Baillie Gifford UK Growth Fund | Ruary Neill | 01 Feb 2019 | 20,000 | 177 | 35,400 | 20,000 | 0.013 |
| Begbies Traynor | Mark Stupples | 05 Feb 2019 | 30,727 | 65.088 | 20,000 | 30,727 | 0.028 |
| CVS♥ | Richard Fairman | 31 Jan 2019 | 10,000 | 404.5 | 40,450 | 11,450 | 0.016 |
| Deltex Medical | Nigel Keen (ch) | 05 Feb 2019 | 8,695,652 | 1.125 | 97,826 | 62,918,762 | 12.550 |
| Dunedin Enterprise Investment Trust | Brian Finlayson | 01 Feb 2019 | 22,000 | 348.8 | 76,736 | 148,052 | 0.717 |
| Dunedin Enterprise Investment Trust | Angela Lane | 05 Feb 2019 | 2,473 | 364.557 | 9,015 | 17,473 | 0.085 |
| Emmerson | Edward McDermott | 01 Feb 2019 | 350,000 | 2.84 | 9,940 | 350,000 | 0.056 |
| Filtronic | Peter Magowan | 01 Feb 2019 | 250,000 | 6.7 | 16,750 | 500,000 | 0.240 |
| Filtronic | Peter Magowan | 01 Feb 2019 | 250,000 | 6.8 | 17,000 | 750,000 | 0.360 |
| Filtronic | Peter Magowan | 01 Feb 2019 | 250,000 | 7.3 | 18,250 | 250,000 | 0.120 |
| Findel | Stuart Caldwell (cfo) | 31 Jan 2019 | 10,543 | 188.68 | 19,893 | 46,270 | 0.054 |
| Hargreaves Services | David Anderson | 06 Feb 2019 | 32,775 | 303.5 | 99,472 | 32,775 | 0.102 |
| Invesco Asia Trust | Neil Rogan (ch) | 04 Feb 2019 | 13,000 | 274.04 | 35,625 | 43,000 | 0.061 |
| Invesco Asia Trust | Neil Rogan (ch) | 04 Feb 2019 | 13,000 | 275 | 35,750 | 56,000 | 0.079 |
| Knights Group | Richard King (coo) | 04 Feb 2019 | 29,383 | 259 | 76,102 | 63,815 | 0.088 |
| Knights Group♥ | Richard King (coo) | 04 Feb 2019 | 24,017 | 259 | 62,204 | 87,832 | 0.122 |
| Morrison Supermarkets | Andrew Higginson (ch) | 31 Jan 2019 | 63,560 | 236 | 150,002 | 329,769 | 0.014 |
| Oakley Capital | Peter Dubens | 31 Jan 2019 | 125,000 | 187.5 | 234,375 | 9,479,068 | 4.628 |
| Oakley Capital | Peter Dubens | 31 Jan 2019 | 75,000 | 188 | 141,000 | 9,554,068 | 4.665 |
| Phoenix Global Mining* | Dennis Thomas (ceo) | 06 Feb 2019 | 41,176 | 17 | 7,000 | 1,196,048 | 3.616 |
| Phoenix Global Mining* | Marcus Edwards-Jones (ch) | 06 Feb 2019 | 41,176 | 17 | 7,000 | 589,407 | 1.782 |
| Phoenix Global Mining* | Roger Turner (cto) | 06 Feb 2019 | 41,176 | 17 | 7,000 | 1,238,318 | 3.744 |
| Proton Power Systems | Helmut Gierse (ch) | 04 Feb 2019 | 336,060 | 7.95 | 26,717 | 3,856,399 | 0.598 |
| Renewi | Colin Matthews (ch) | 04 Feb 2019 | 100,000 | 25 | 25,000 | 450,000 | 0.056 |
| Renewi | Toby Woolrych (fd) | 04 Feb 2019 | 59,653 | 25 | 14,913 | 373,404 | 0.047 |
| SSP | Carolyn Bradley | 31 Jan 2019 | 5,932 | 670.62 | 39,781 | 5,932 | 0.001 |
| UDG Healthcare | Erik Van Snippenberg | 01 Feb 2019 | 7,500 | 587 | 44,025 | 7,500 | 0.003 |
| Value and Income Trust | Matthew Oakeshott | 04 Feb 2019 | 25,000 | 259 | 64,750 | 9,646,000 | 21.177 |
| Value and Income Trust♥ | Matthew Oakeshott | 04 Feb 2019 | 25,000 | 259 | 64,750 | 9,671,000 | 21.232 |
| Workspace | Ishbel Macpherson | 01 Feb 2019 | 3,150 | 950.298 | 29,934 | 3,150 | 0.002 |
| Sells | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| B.P. Marsh & Partners | Campbell Scoones | 05 Feb 2019 | 4,000 | 286 | 11,440 | 49,798 | 0.133 |
| Carclo | Christopher Malley (ceo) | 06 Feb 2019 | 100,000 | 46.5 | 46,500 | 193,659 | 0.264 |
| Carr's♥ | Christopher Holmes (ch) | 01 Feb 2019 | 30,000 | 170 | 51,000 | 739,000 | 0.809 |
| Intermediate Capital | Philip Keller (fd) | 06 Feb 2019 | 100,000 | 1045 | 1,045,000 | 441,438 | 0.152 |
| Softcat♥ | Lee Ginsberg | 31 Jan 2019 | 3,472 | 692 | 24,026 | 17,361 | 0.009 |
| *Placing/tender/open offer ♥Spouse/connected party | |||||||
